Gold Editorials & Commentary

Summary

The article below concludes that the world's financial markets have reached a critically important juncture.

What a difference a few hours can make!

VANCOUVER GOLD SHOW

The immediate outlook for gold very much depends on the outcome of the silver "war of attrition", being fought in the $8.80 - $9.30 zone.

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Today's move of the US Dollar Index to 87.98 represents a fairly significant technical break down below the longer term Moving Averages on all three charts below (Courtesy DecisionPoint.com).

When gold fell 10% in five sessions in Dec, top pickers were sure that was it, gold was going down to $420. On Wed this week, gold fell $10 and some of these top pickers were back, may be $500 this time they said.

Let us add another dimension to the perceived value of gold. It is a value applied to an alternative source of energy, higher states of consciousness, space-travel, health and in all likelihood, more.

"I am pleased to report the inflation monster has been captured and placed in a jar".

When it comes to spin, Washington is no match for Wall Street.

There are two important factors indicating that the Precious Metals sector is at a near-term top and that a significant correction is beginning, or will soon.

Below is an extract from a commentary originally posted at www.speculative-investor.com on 12th January 2006.

In his thought provoking article at the end of December, Alex Wallenwein examines in a coffee table setting the question of why the hedged XAU index broke out well before the unhedged HUI index.

I regret that (blush, blush) I must admit to an error in my article of 13 January 2006 in which I calculated a long term price objective for gold of $4,250 and a shorter term price objective of $785.

Abstract: the proposed Iranian Oil Bourse will accelerate the fall of the American Empire.

I. Economics of Empires

The Bernanke Era

The Sacrifice Ratio

How Important is Housing to the Economy?

On the Contrary: Why It Pays To Be Different

This week, Wall Street strategists cheered as the Dow Jones closed above 11,000 for the first time in four and a half years.

Here is an update on the gold sector.

With the gold price pushing to new 25 year highs, it is probably a good time to take stock of the longer term picture to see where the gold price might be heading. This will also enable us to see how far we have progressed into the new bull market.

Well now, haven't prices taken a nice upsurge? Everyone's at a profit position now, it seems. For some, they have waited a bit too long for this, and are now tempted to take their profits and sell…at a profit of course. Should they? I don't think so.

The New Deal Debunked

The conflict with Iran over their advancing nuclear program has moved gradually toward severe escalation. Iran's insistence to develop uranium enrichment facilities creates a supply fork.

There is a song that was recently re-made by a famous female vocalist. The title of the song is "More Than Words", but it was originally sung by a group called Extreme. I love the warm feelings in the song, and I usually listen to the original version.

Gold had a roller-coaster week, rising strongly early in the week to challenge its early December highs, and then scared a lot of traders on Thursday by looking like it was double-topping with those highs, before a really robust rally on Friday set the stage fo

If the first trading week of the new year is a sign of things to come, 2006 may finally reunite Americans with economic reality.

Happy new year and wishing you all peace and profits in 2006.

When the December Federal Reserve Open Market Committee meeting minutes came out on Tuesday afternoon, it was akin to a starter gun shot at the beginning of a race. Debate will persist on interpretation. Regardless, the year 2006 has begun with a bang.

New .9999 fine (24 karat) 1-oz legal tender $50 gold coins will be added to the U.S. Mint's line of gold bullion coins in 2006 when President Bush signs into law a bill that Congress passed in December.

Jesse Livermore said this many decades ago, and it still applies today…"it is uncommon for a man to be right and sit tight." And in order to help many who are invested in the gold sector to sit tight, meditate on the chart below whenever the short-term volatili